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Mar 24, 2013
03/13
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how much of a drag to you see from the social security tax increase? and the across-the-board spending cuts that went into affect on march 1? is it possible the fed might see a need to provide more support to the economy because of that drag? the drag on fiscal? >> our analysis is comparable to and an analysis presented to the congress. they estimate putting together all the fiscal measures, including the sequester and other cuts that federal fiscal restraint in 2013 is cutting 1.5 percentage points off of growth, which is very significant. that is an issue for us. we take it as a given what the fiscal authorities are doing. the economy is weaker and job creation is lower than it would be otherwise. that is one of the reasons our policy has been as progressive as it is. that being said, up monetary policy cannot offset a fiscal restraint of that magnitude. bethe final outcome will worse in terms of jobs than would have been the case with last fiscal restraint. i want to emphasize i do believe long-term fiscal stability is extremely important and i urge
how much of a drag to you see from the social security tax increase? and the across-the-board spending cuts that went into affect on march 1? is it possible the fed might see a need to provide more support to the economy because of that drag? the drag on fiscal? >> our analysis is comparable to and an analysis presented to the congress. they estimate putting together all the fiscal measures, including the sequester and other cuts that federal fiscal restraint in 2013 is cutting 1.5...
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the much maligned to deposit tax is necessary a measure to have the bailout alone to need to see and this is definitely causing a huge controversy on the island moreover brussels said that it will not require the involvement of the russian capital to envoy to resolve the internal economic problems of the european union so the talks between the prime minister and the european officials are rather. it's hard to actually predict which way it will go we are hopeful that during the day after about one pm moscow time when the talks are due to start will be receiving some more information as we'll certainly deliver to our viewers as we get it. ok thank you very much i. have skied live from moscow well krystal's messes and then pay from the left forces party says this pressure which is forcing cyprus to turn to russia for help it was the mentality of the troika. come again and again in every country in which they try this policies with these policies that are unfair and human. and that probably means the question is when are they going to stop and it seems that they will. accept. from the si
the much maligned to deposit tax is necessary a measure to have the bailout alone to need to see and this is definitely causing a huge controversy on the island moreover brussels said that it will not require the involvement of the russian capital to envoy to resolve the internal economic problems of the european union so the talks between the prime minister and the european officials are rather. it's hard to actually predict which way it will go we are hopeful that during the day after about...
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Mar 26, 2013
03/13
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LINKTV
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and they pay a 10% tax to the commission. >> i am happy and content. the all learn to care for the planet. we have courses where they learn different things to give us the tools that that we need. and that is why the village has been a success as more and more women are hoping to find a spot. they can escape columbia of's problems and make a livin
and they pay a 10% tax to the commission. >> i am happy and content. the all learn to care for the planet. we have courses where they learn different things to give us the tools that that we need. and that is why the village has been a success as more and more women are hoping to find a spot. they can escape columbia of's problems and make a livin
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Mar 22, 2013
03/13
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john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-pendent.ee government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it should be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me too to work every single day. john: on that note we are out of time john: we are back with the "students for liberty" conference. how many think you want to go into business when you graduate? may be more than half. how many have friends that think business is evil? we know they are wrong it has done me to lift people out of poverty than any government pgram but it is still vilified on college campuses. i was a consumer reporter winning
john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-pendent.ee government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less...
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Mar 25, 2013
03/13
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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Mar 20, 2013
03/13
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approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags of iraq. they killed at least 50 people and wounded more than 100. a series of bombs exploded in baghdad and several other cities. militants attack with car bombs. the iraq war began before dawn on march 20th, 2003, with u.s. air strikes on the capital. members. administration of former president bush argued that iraq possessed weapons of mass destruction, but u.s. forces failed to find evidence of sum weapons. 120,000 civilians are said to have died from the fighting or from terrorism. u.s. troops pulled out of the country in 2011. >>> the economy's recovering. iraq overtook iran last year to become the s
approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags...
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back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. this is. everybody says we're going to start going over there we're going to build a series of. these stuff. you should be asia and they didn't have these should usually just for women resume is arguably just money once the russians hold the site very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest being that the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so. so if there was an i.m.f. program in place now this means that there really is a cash problem on the ground seen cypriots going out to a.t.m.'s early in the morning trying to get as much cash as they could are
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. this is. everybody says we're going to start going over there we're going to build a series of. these stuff. you should be asia and they didn't have these should usually just...
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Mar 25, 2013
03/13
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checking in on paychecks: has the payroll tax increase hit the american wallet? in today's cover story, bracing for higher premiums. ways employers are planning to handle your healthcare. plus, home sweet home: why more baby boomers are investing in home ownership later on in life. and, how basketball brackets can help you meet your money goals. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, march 25th. i'm angela miles. in today's first look: time marches on. it's a short week for traders with the market closed for good friday. easter is early this year. stocks ended up last friday as it looks more likely that cyprus will get a bailout from the european union. gold slid 6 dollars, while oil gained $1.43. time will tell with tech giants. apple, google, samsung and now lg are all rumored to be developing smart watches. and cutting a deal: look for bi-partisan legislation to come from the senate that could overturn the tsa's decision to allow knives on planes. congress re
checking in on paychecks: has the payroll tax increase hit the american wallet? in today's cover story, bracing for higher premiums. ways employers are planning to handle your healthcare. plus, home sweet home: why more baby boomers are investing in home ownership later on in life. and, how basketball brackets can help you meet your money goals. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, march...
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Mar 25, 2013
03/13
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tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our armed forces who have deposits in cyprus banks? >> the leader of the opposition raises and externally important issue, and a very sensitive and difficult time for the republic of cyprus. first of all on the issue of anyone who is in cyprus because they've been sent there by the british government in the armed forces, m.o.d., or the foreign office, we've guaranteed that they won't anyway lose out in terms of their earnings or their savings. that is the first thing to say. we've also sure that money will be available which is why
tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nationals including our armed forces who...
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and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to say how in the big names here involved allegedly porsche volkswagen as well as germany's richest woman or phantom shell companies in panama i mean nothing wrong with it depends how you interpret it i guess whether it becomes tax avoidance tax evasion but what can you do to stop these loopholes. it is very clear there is no into a master of very little or too little international cooperation on this and of course you know if you have families who would not notice that they lost their one five fifteen million new euros necessary for one of the big german parties for the whole federal election cam
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to...
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so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down that's taken place recently is the closure of the government office that's charged with transferring the detainees and closing down the prison so just to recap in case that sounds in any way peculiar they've closed down the office that's meant to close down guantanamo bay and the british foreign office supports this continuing commitment to shutting down the facility. has been. at guantanamo bay for over seventy years now and quite astonishingly this is a man who's never been charged with any wrongdoing he's never been put on trial he's been cleared for release twice yet he's still there the british
so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down...
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impose this much maligned deposit tax which has been seriously criticized by ordinary citizens on the island moreover the bailout loan would not completely help the super eight economy. receive only partially of the money needed to save the economy and the rest of the money needs to find by itself it's also interesting here that. brussels has once again reiterated that it doesn't need russia's capital it doesn't need help to solve its internal economic problems so definitely we're in for a very interesting and probably very complicated talks here in moscow between the prime minister and the european delegation and we're expecting the conversation to start at about one pm moscow time and certainly will be updating our viewers with all the latest information as we get it here. live from. pay from the left he says pressure which is forcing cyprus to turn to russia for help. it was the mentality troika. come again and again in every country in which they try this he says with these policies and human. and the problems question when are they going to stop and it seems. from the side of tro
impose this much maligned deposit tax which has been seriously criticized by ordinary citizens on the island moreover the bailout loan would not completely help the super eight economy. receive only partially of the money needed to save the economy and the rest of the money needs to find by itself it's also interesting here that. brussels has once again reiterated that it doesn't need russia's capital it doesn't need help to solve its internal economic problems so definitely we're in for a very...
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Mar 19, 2013
03/13
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 million,
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived...
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Mar 19, 2013
03/13
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hikes and jepd speaker john boehner said the house's answer to that is no. >> the president got his tax heights on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the two chambers have a way of talking about their differences, not with president obama but on each other. work on the contrasting house and senate plans continue this week. for "nightly business report" i'm john harwood on capital hill. >> i asked when we spoke recently but began by getting him to rate the u.s. economy on a scale of 1 to 10 with 10 being very strong. >> i think it's trying to be a 6 but the government, in generally, the government doing the wrong thing might be pulling it back to a 4. we're definitely off the bottom and economy is trying to recover. . are you concerned? i spoke with form early fed chairman alan greenspan. he said with respect to the sequestered, rising asset prices both in stocks and housing may in part overset the otherwise dill tear just effects of the federal spending cuts. are you in that camp at all? >> not especially. there's a littl
hikes and jepd speaker john boehner said the house's answer to that is no. >> the president got his tax heights on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the two chambers have a way of talking about their differences, not with president obama but on each other. work on the contrasting house and senate plans continue this week. for "nightly business report" i'm john harwood on capital hill. >> i asked when...
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Mar 19, 2013
03/13
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KCSM
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the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy on deposits under 100,000 euro. the numbers we came up with are the base level. if there is any other way to achieve it, up to 100,000, we would not have the slightest problem. we would have to wait and see. >> given the angry reaction, there does appear to be rethinking going on behind the scenes. >> for more, we cross over live to cyprus to talk to nathan. it looks like the public backlash and international criticism are indeed forcing a rethink on this levy on bank deposits. how much room do they have? >> quite a bit of room as long as they can meet the ma
the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy...
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pressure brussels wants to supriya to government to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paralyzed for almost a week now and i says are still important people are bracing themselves for the worst. all of this. the panic this negativity started of course on the announcement over the weekend from brussels that in order to get a ten billion euro bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on. ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really . and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. these steps. and their vision of these should usually. be. very. well the mood here in nicosia cyprus r
pressure brussels wants to supriya to government to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paralyzed for almost a week now and i says are still important people are bracing themselves for the worst. all of this. the panic this negativity started of course on the announcement over the weekend from brussels...
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up against intervention and to gresham mosco and beijing are seen really impacts of nature back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast as soon as the two can agree on a price russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west now they could join forces on cooperation military that is the inevitable i think result of the to take us that even pacific pivot that is is threatening china on one side and. the mido increasing military encircled into russia on the other side the more the u.s. pushes its agenda in certain parts of the world the closer they push russia and china together that opens the door for growth and enormous economic ramifications the nations that make up the brics group may be divergent but experts now see they are much more than an acronym point by a guy at goldman sachs. and the brics are developing fast the
up against intervention and to gresham mosco and beijing are seen really impacts of nature back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast as soon as the two can agree on a price russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west now...
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Mar 22, 2013
03/13
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FBC
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john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it should be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me to go to work every single day. john: on that note we are out of time. bob dane and veronique de rugy thank you. drinking and drugs coming up. [applause] but the founder of wholefoods is your next. gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got yo
john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are...
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Mar 25, 2013
03/13
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tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this with the bank levy rate to -- for a 0.12%. britain is moving to low and competitive taxes, so we should insist that people pay those taxes and not aggressively avoid them. that is the right way to succeed. under labor we have the best -- the worst of both worlds. the tax revenues fell by billions of pounds as the wealthy paid less. this is the wrong way around. under this government the tax rates are more competitive and the wealthy pay more taxes. this is the right way. this is an inconvenience true for the other side. in every year of the parliament the ri
tax, the lowest business tax of any major economy in the world. we will have achieved in one parliament a long list -- largest reduction in the tax in the histories -- the nation's history and major changes in the british tax system, we will abolish the complex marginal recalculation, and give britain a single rate of corporation tax for the first time since 1973. and as for previous reductions in the tax rate either not intend to pass the benefit on to the banking sector so i will offset this...
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has imposed on cyprus it also demands that cyprus must impose the much maligned deposit tax in order to receive the bailout fund for the bailout loan story and there is a certain dissent growing. now as the head of the parliament saying that the. parliament would probably will vote without considering the e.u. regulations and this leads many experts to believe that cyprus may even pull out from the euro zone in the. future because of all these regulations by the european union besides the bailout the bailout loan from the european european union as experts say would not solve the economic problems of the island completely that you can see it will still have to find some money elsewhere and that is the biggest question of course where it will find these this money on top of that old brussels has once again reiterated that even ahead of the talks in moscow that it doesn't need the russian capital in order to solve its domestic its internal economic problems so certainly with even without the finance minister we are in for some interesting and probably some difficult talks in moscow whi
has imposed on cyprus it also demands that cyprus must impose the much maligned deposit tax in order to receive the bailout fund for the bailout loan story and there is a certain dissent growing. now as the head of the parliament saying that the. parliament would probably will vote without considering the e.u. regulations and this leads many experts to believe that cyprus may even pull out from the euro zone in the. future because of all these regulations by the european union besides the...
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Mar 26, 2013
03/13
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KQED
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so in the end you're going to see taxes rise, lower interest rates, zero interest rate policies, and quantitative easing. the investors on the sidelines will see no return on their money and they're going to see the value of their money eroded underneath them. >> doug, my question for you is, do you think that u.s. equities have had their gains for 2013? >> i think we made a quick leap into the year, so i would say on the valuation standpoint, they may have. so when you look at u.s. equities, your prices go up for two reasons. one is the earnings go up, and two is the valuation multiple assigned to those earningsit$ up. so day-to-day we've seen about a 10% increase in the s&p. i think there's plenty of room for earnings to grow, and earnings grow as a result of people having more jobs and buying more things, result of the housing crisis being behind us and people feel more confident and their house price goes up and they put into their home and other+j87 things. i think there's plenty of potential. there's a lot of good news going on in the u.s. you have the manufacturing renaissanc
so in the end you're going to see taxes rise, lower interest rates, zero interest rate policies, and quantitative easing. the investors on the sidelines will see no return on their money and they're going to see the value of their money eroded underneath them. >> doug, my question for you is, do you think that u.s. equities have had their gains for 2013? >> i think we made a quick leap into the year, so i would say on the valuation standpoint, they may have. so when you look at u.s....
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Mar 21, 2013
03/13
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and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. they worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted to have one in the united states that was as large equivalent to our economy, we would need 45 more jpmorgans. that's how much bigger we would have to get to match the size that they've done here relative to the size of this place. >> thank you very much. >>> well, a big bipartisan vote at the capital, the senate overwhelmingly passed a massive stop-gap spending bill that will keep washington up and running through the end of september. it leaves federal spending cuts in place. but that could mean job furloughs for hundreds of thousands of federal w
and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. they worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted...
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Mar 23, 2013
03/13
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FBC
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they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools topose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of mney coming up this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur melissa: it is friday afternoon. that doesn't mn that you can't think about how to make money on monday. keeping a close eye on the u.s. treasury bonds. investors are squawking to them for their second straight week on yields. investors are racing to the safe haven of things. almost any conversation about
they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. melissa: next, chicago will shut down dozens of schools topose a 1 million-dollar deficit. we will explain coming up next. and this season ticket holder on the other side of the legal brawl is here. piles of mney coming up this is america. we don't let frequent heartburn...
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Mar 24, 2013
03/13
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FBC
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there is a payroll tax of .9%, investment tax of 3.8%, excise tax of 2.3%, 159 rules to spell out how that tax applies. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like closing the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people what's really in it. >> talk about why this didn't kick in. we had to
there is a payroll tax of .9%, investment tax of 3.8%, excise tax of 2.3%, 159 rules to spell out how that tax applies. can you imagine how this is going to northbound this is a nightmare. this is so the federal government can hire millions of people to make this legislation possible. it's idiotic. they should break it and start all over. >> 2200 pages turned into 20,000 so far. i remember when president clinton saiddy not have sex with that woman. president obama setd this will not add a...
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Mar 22, 2013
03/13
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KQED
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a 15% flat tax on all deposits over 100,000 euros may be back on the table. why? russia seems to be out of the equation of a cypriot rescue. now russia is out, that bank levy is back on the table. enough to raise the 5. billion? if not, cyprus and the eurozone will be in a real mess. >> very anxious weekend for cypriots themselves. mark, thank you very much for joining me. a hot of european eyes on cyprus this weekend. the p.m. of lebanon, najib mikati has revined -- resigned after his cabinet was unable to decide on how election should be carried out later this year. israel's prime minister benjamin netanyahu has phenomenonny pologized for the death of troops. the reconciliation was brought on by president obama's trip to the middle east. our north american editor, who is traveling with the president, has sent us this report. >> at israel's holocaust memorial, president obama declared we must work for the light. but ermon than diplomacy the man was hoping to change the way america was seen in the world when we came into office. obama has shown a passionate respec
a 15% flat tax on all deposits over 100,000 euros may be back on the table. why? russia seems to be out of the equation of a cypriot rescue. now russia is out, that bank levy is back on the table. enough to raise the 5. billion? if not, cyprus and the eurozone will be in a real mess. >> very anxious weekend for cypriots themselves. mark, thank you very much for joining me. a hot of european eyes on cyprus this weekend. the p.m. of lebanon, najib mikati has revined -- resigned after his...
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Mar 26, 2013
03/13
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FOXNEWSW
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they are taxing you with a hsu tax on any investment you sell north of $200,000 in profit. so, in other words, we have established a precedence for going after what you own. they just taken it to the next level in cyprus, going after the bank deposit accounts you have. so, not a very big leap. and speaking of things that aren't a very big leap, healthcare and the spending that doesn't stop, and apparently neither do the surprises. there's something in the law that is going to make you pretty sick, because when you have to click the form on a check lift for the procedures you might want to qualify for, there's also a little item about, do you want to register to vote? i kid you not. on a form about healthcare, a question about registering to vote. we, you decide, after this. what's droid-recognition ? understanding you clearly... what is the capital of zimbabwe ? ... the first time you ask with the google voice search. the droid razr maxx hd by motorola. droid recognition. droid powerful. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision go
they are taxing you with a hsu tax on any investment you sell north of $200,000 in profit. so, in other words, we have established a precedence for going after what you own. they just taken it to the next level in cyprus, going after the bank deposit accounts you have. so, not a very big leap. and speaking of things that aren't a very big leap, healthcare and the spending that doesn't stop, and apparently neither do the surprises. there's something in the law that is going to make you pretty...
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Mar 20, 2013
03/13
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CSPAN2
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place this means that there really is a problem on the ground cypriots going to early in the morning trying to get as much cash as they could as some have told me that the limit on their cars the amount that they can take for the change has been lowered they've also been speaking to some shopkeepe
bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the...
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happen because we have opened pandora's box right now and we can shut the lid on this now the cyprus tax levy is a major blow to russian depositors who are thought to have around twenty billion euros in corporate and private accounts in cyprus banks despite this president putin support of the rescue package ordering to restructure an existing two point five billion russian loan but it was accompanied by some sharp criticism from russia's prime minister my colleague spoke with r.t. news editor ivor crotty about the depth and the ramifications of the cyprus problem . prime minister medvedev last week used the term expropriation which was a reference to what the the bolsheviks did in the past he today has followed up that statement with with a statement saying basically the stealing of what has already been stolen continues and that's a that's a reference to cyprus is off shore status of the russian economy and well thirty nine other economies at least it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. th
happen because we have opened pandora's box right now and we can shut the lid on this now the cyprus tax levy is a major blow to russian depositors who are thought to have around twenty billion euros in corporate and private accounts in cyprus banks despite this president putin support of the rescue package ordering to restructure an existing two point five billion russian loan but it was accompanied by some sharp criticism from russia's prime minister my colleague spoke with r.t. news editor...
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Mar 20, 2013
03/13
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FBC
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we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing industry has strengthened, home prices have gone up, that has brought some people into the credit box in the sense the number of people who are underwater in their mortgages is declining as house prices go up. so if people have bigger down payment, bigger equity in their homes, they become more creditworthy. i don't want to overstate it, but monetary policy by strengthening the housing market, helping support house prices is bringing more people into the mortgage market. >> peter barnes of fox business, sir. the stock market has been hitting all-time highs, it has recovered all of its losses from the f
we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing...
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doesn't work well understandably when you talk about forty percent of all of what they call legally taxes forty percent being taken out of certain various bank accounts with over one hundred thousand euros not just the big players there are the little average people as we all are also being hurt by this tell us this here at r t the banks are closed until thursday how are you expected to survive can you go grocery shopping can you pay your bills if you can't get any cash out from the machines. what obviously oversleep were facing a new kind of thing when in the european union this is the first time that he has this has been done but obviously you do understand that it's like planting a bomb in the structure of the financial system itself therefore i don't see how any any vest or people can teach their money in the banks when now that we would have a problem twice or even more as bad as it was before then obviously there will be a phrase for a new levy on the fund deposits so how are they expected to keep that the poses in the banks and you feel. however the bank supposed to continue well i
doesn't work well understandably when you talk about forty percent of all of what they call legally taxes forty percent being taken out of certain various bank accounts with over one hundred thousand euros not just the big players there are the little average people as we all are also being hurt by this tell us this here at r t the banks are closed until thursday how are you expected to survive can you go grocery shopping can you pay your bills if you can't get any cash out from the machines....
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Mar 23, 2013
03/13
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LINKTV
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and what -- compulsory deposit tax. they are proposing 20% of accounts over $130,000 in the bank of cyprus and 4% on the other banks in the sector, bank, the ean lyki second biggest. in theory, these two deposit haircuts won't require another vote, so this makes up another total package, including the plan to save the banks, wind them up and save the cost of recapitalizing, that the cypriots can take on sunday to the euro group and finance mirnses and the i.m.f., based on closed-door meetings that have been going on all day with the troika and say here's our compromise, give us the bail out so we can get opened. it looks like cyprus now is tantalizingly close to a deal. but it it won't come without significant pain for many. peter sharp has this report. >> the people of cyprus had endured a week of increasing uncertainty. as the talks dragged on they took to the streets for yet another night to voice their fears and frustrations. >> if they don't realize that we have strength and we will fight, if they lead us to a dead
and what -- compulsory deposit tax. they are proposing 20% of accounts over $130,000 in the bank of cyprus and 4% on the other banks in the sector, bank, the ean lyki second biggest. in theory, these two deposit haircuts won't require another vote, so this makes up another total package, including the plan to save the banks, wind them up and save the cost of recapitalizing, that the cypriots can take on sunday to the euro group and finance mirnses and the i.m.f., based on closed-door meetings...
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your take is on the current situation in cyprus press has long been a national island also used as a tax shelter just like jersey and so i think probably what's going on there is probably a harbinger of possible things to come i think it's pretty mad world when people have to posit i mean threatened with having their deposits taken away from even if they are rushing in if they might have more money than other people doesn't seem that that's going to happen the banking system it's either this is usual or we're stealing your money there's a problem that's the only choices we have or there's two kinds of layers here there's the institutional layer of fraud where banks are really ripping each other off and they see this in the futures market the commodities market a lot more but now we're entering a new era where the retail deposits are being confiscated to pay off the bets in the bond holders of these guys so this is the first time throughout the whole five years of this crisis people would say what's the big deal no it's a victimless crime you hear this phrase all the time. those plants at
your take is on the current situation in cyprus press has long been a national island also used as a tax shelter just like jersey and so i think probably what's going on there is probably a harbinger of possible things to come i think it's pretty mad world when people have to posit i mean threatened with having their deposits taken away from even if they are rushing in if they might have more money than other people doesn't seem that that's going to happen the banking system it's either this is...
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Mar 19, 2013
03/13
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FBC
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think thi
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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been a breakdown in the rule of law and as you know if you're head span and you want to find a good tax shelter to keep your money in a bad legal system is not where you want to be keeping your money so the island is obviously very worried about its image getting here and so they're circling the wagons and doing their very safe. to banking laws but there's something else going on there too isn't there there's this story ripples into other areas just bank there's issues of crime on the islands bank that go beyond betting bank but include banking so you're going to be returning there after a period where you were not allowed to go now you're allowed to go back to jersey and you'll be following up on your investigative work and i just i just got off the phone this morning with a man who he with gags he actually he actually complained about having money stolen from him by people on the island bank charter this is the bankers i'd like to get gagged and beat this is this is this is another type of gag they're ok with gag against. as well and the only way that i love to say that there's never
been a breakdown in the rule of law and as you know if you're head span and you want to find a good tax shelter to keep your money in a bad legal system is not where you want to be keeping your money so the island is obviously very worried about its image getting here and so they're circling the wagons and doing their very safe. to banking laws but there's something else going on there too isn't there there's this story ripples into other areas just bank there's issues of crime on the islands...